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Earlier reports suggested that Duterte was going after the Philippine Economic Zone Authority (PEZA) for being corrupt and issuing gambling licenses in its economic zones.An analogy that may help differentiate between “odds” and “RTP” and whether the practice was fair, is to imagine playing a slots game with a progressive jackpot that must trigger by a certain doll“The one who gets appointed to PEZA (Philippine Economiroyal ace casino mobilec Zone Authority), he gets about P300 billion (about USb) selling the umbrella-type of license,” the President said....
”Justice Secretary Vitaliano Aguirre II has reportedly clarified that the president was referring to the Cagayan Economic Zone Authority (CEZA), the regulator that actually licensed Asian-facing online casinos there in the past, prior to Pagcor’s take-over of the revenue stream.
Yesterday, the Philippine Amusement and Gaming Corp.An analogy that may help differentiate between “odds” and “RTP” and whether the practice was fair, is to imagine playing a slots game with a progressive jackpot that must trigger by a certain doll...
At that time, due to no major prize winners, the return was only a little over 60 percent. Plaza pointed out that Lam was not operating in a zone administered by Peza, but in the Clark Freeport Zone, which is administered by Clark Development Corp.”On the December 24, the Philippine Star reported that Justice Secretary Vitaliano Aguirre II has said that Duterte may have only been referring to online firms that break the law in his Thursday announcement....
PhilWeb lost its licenses in August but expects Pagcor to renew them under new leadership since Duterte singled out former majority owner Roberto Ongpin as an oligarch who must be “destroyed”.A PhilWeb Corp. (Pagcor) walked back a statement from the country’s president that indicated all online gaming operators would be put out of business with no exceptions....
, spokesman defended their position in the market by stating that none of the eGames outlet games can royal ace casino mobilebe accessed from homes or offices and each of the more than 250 outlets, serving up casino games, slots, and sports betting, is directly licensed by Pagcor, and that PhilWeb only provides software to Pagcor for individual entrepreneurs to operate the businesses.“We wish to assure the President that his policy of not registering online gaming or online gambling in PEZA will not change and will continue as PEZA is one with the President in his conviction that any form of online gaming or online gambling will not benefit the country and the Filipino people,” said Plaza. At that time, due to no major prize winners, the return was only a little over 60 percent....
